Artemis Real Estate Partners Acquires Senior Housing At 17701 Glacier Way For $27.78M

The Pillars of Lakeville is a senior housing community located at 17701 Glacier Way in Lakeville, MN. This property was completed in 2023 and consists of 100 units, encompassing independent living, assisted living, and memory care. The sale price for the asset was $27,780,000, translating to approximately $277,800 per unit.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $27,780,000
• Units: 100
• Price Per Unit: $277,800
• Buyer: Artemis Real Estate Partners
• Seller: Oppidan Investment Company

Ebenezer Senior Living operates the community, which features intergenerational programming in conjunction with a neighboring childcare facility. The transaction signifies a strategic move within the senior living market and involves key players, including Artemis Real Estate Partners and Oppidan Investment Company, who facilitated the sale.